Verizon Reports 5.2% Revenue Growth to $34.5 Billion in Q2 2025

Verizon Communications Inc. reported a solid financial performance for the second quarter of 2025, with total operating revenues reaching $34.5 billion, a 5.2% increase from $32.8 billion in the same period last year. The company's net income attributable to Verizon was $5.0 billion, or $1.18 per share, compared to $4.6 billion, or $1.09 per share, in the prior year, reflecting a 9% increase in profitability. For the first half of 2025, total operating revenues were $68.0 billion, up from $65.8 billion in 2024, while net income rose to $10.1 billion from $9.4 billion.

The growth in revenue was primarily driven by the Consumer segment, which saw a 6.9% increase in operating revenues to $26.6 billion for the quarter, bolstered by a rise in wireless service revenue and equipment sales. The Business segment, however, experienced a slight decline, with revenues decreasing by 0.3% to $7.3 billion. The overall increase in revenues was attributed to higher demand for wireless services, particularly in fixed wireless access (FWA) broadband, which saw a 34% increase in subscribers.

In terms of operational metrics, Verizon reported a total of 115.2 million wireless retail connections, a modest increase from 114.2 million a year earlier. The company also noted a significant rise in FWA broadband connections, which reached 3.1 million, reflecting the growing adoption of its 5G and 4G LTE networks. The total number of Fios internet connections also increased to 7.2 million, while Fios video connections decreased to 2.6 million, indicating a shift in consumer preferences.

Strategically, Verizon is focused on enhancing its network capabilities and expanding its fiber infrastructure. The company is in the process of acquiring Frontier Communications, a move aimed at bolstering its broadband offerings. Additionally, Verizon has been actively involved in spectrum license transactions to improve its wireless network efficiency. The company anticipates capital expenditures in the range of $17.5 billion to $18.5 billion for 2025, reflecting its commitment to investing in network enhancements and technology.

Looking ahead, Verizon remains optimistic about its growth trajectory, despite facing challenges such as competitive pressures and regulatory changes. The company expects to continue leveraging its extensive network infrastructure to meet customer demands and drive future revenue growth.